Public opinions on the causes of Enron's breakdown are divergent. There is an unanimous conclusion that such result is from compound factors. Of which corrupted corporate culture may be the underlying cause for its failure. For corporate culture is incorporated with employees' minds, dominating their behaviors.What's Modish now?cheap clubwear Came Into The Market
Individualism led to bureaucratic Enron.Style at the Most Keen Price! Get Sexy Chemise for 30 Somethings!
It's far from enough that en enterprise can attract talents. It must ensure them considerable developing space, thus Enron had set up a performance appraisal system. In 1997, the CEO of Enron, Jeferry Skilling adopted a set of performance evaluation system in the whole company: compare employees with their collegues. Employees and managers had to go over this evaluation course every six months. About three weeks, the company would finish the evaluation and the result would decide the bonous even the destiny of the employees. Until 2000, Jeffrey Skilling still talked about this system, pointing out that: If you want to make creation, you have your employees cooperate sincerely.4 Things You Have to Know About sexy costumes
However, the result was not what they wished, Enron`s performance evaluation system actually created a entrepreneurial culture emphasizing on team. "We finished all the work on ourselves", a senior Enron employee said, "the reason was simple. If John and I were competitors, why should I help him?" In this case, Enron culture caused the overflow of individualism, and choked the growth of team spirit.
With the new economic recession, to make an outstanding performance was more and more difficult with the inside competition increasing fierce. While such trend became more obvious, the pressure-driving performance estimation mechanism will gradually turn into a bureaucratic system of colluding with one another. Some managers were starting to fake problems and distort entries and even drive away the staff that looked disagreeable to the eye. Lacking of team spirit becomes the vital wound for the company to go forward, while the team spirit is the necessary condition to achieve innovation precisely.
"Winner takes all" folded paper Enron
After Jeffrey Spilling established a kind of performance evaluation system within the whole company, eliminated unqualified employees and at the same time spent a large sum of money praise those employees of a good performance. It is a convention in Enron that losers are out halfway, winners stay, those who can count on obtaining the largest trade get multi-million-dollar reward. This is the [Winners take all" culture in Enron. This culture marked a [to succeed, not fail" on the employees. The employees who made mistakes would be fired immediately, thus employees would try their best to conceal their mistakes, which led to the loss of employee practice opportunities.
Employees former and present said that pressure of maintaining the rise of stock pushed senior manager to risk higher. The result is false income and conceal debt become more and more, which eventually leads to the present situation. According to Margaret Coney, the former manager, Enron was "a house made of cards."